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The spring in San Antonio is filled with rich traditions and events, from Fiesta to the Valero Texas Open, and this year, the Spurs’ exciting return to the playoffs for the first time since 2019. These moments bring the community together, and Valero is glad to be a part of it.
April was National Volunteer Month, a time to recognize the impact of service across communities. Giving back is a cornerstone of Valero’s culture. Over the past 10 years, Valero volunteers have contributed more than 1.43 million hours to support organizations and improve lives. Last year alone, Valero employees contributed more than 139,000 volunteer hours, equivalent to nearly $5 million in service to the communities where they live and work.
This year, the Valero Texas Open (VTO), Valero Benefit for Children (BFC), and associated events raised $25.2 million to support hundreds of charities nationwide. With these results, the tournament has now generated more than $306 million in total charitable contributions, positioning it as a leader in charitable giving on the PGA TOUR. Valero thanks its business partners and sponsors, who share the company’s commitment to improving the lives of families which drives the success of these events. The same focus is reflected in the hundreds of Valero employees who volunteer year after year to help make the VTO and BFC such a success. That commitment to helping others extends well beyond the tournament.
Turning to business, over the last few months the energy sector experienced a great deal of volatility. Valero’s operations and commercial teams performed well, and the company was able to deliver strong financial results for the first quarter of 2026, well above analyst consensus of $3.16 per share.
Valero continues to invest in its business, making progress on its optimization project at its St. Charles refinery in Louisiana, which will increase the yield of high-value products. Valero expects the project to begin operations in the third quarter of this year.
Valero’s strong performance in the first quarter underscores the company’s commercial, operational, and financial strength, and is made possible only by its people. Team Valero’s 9,800+ dedicated employees are committed to safety, operational excellence, and caring for their communities. This is what defines Valero and will continue to do so in the years ahead.
